I have a credit score over 800, low income, no payments lateness ever, no dependants, working in the same industry for over 20 years, a kind a estable cash gig(unreported) and today I was told a need a cosigner because I don't qualify for more than 100.000.
Hi Jenn!! My partner Miguel and I are obsessed with your videos! We purchased a house in Wonder Lake, IL, in the Stonewater community back in February of this year. Our interest is locked in at 6.5%. When would you suggest considering a refi? We don’t get hit with our property taxes till March of next year since it’s a new build and we’ve prepared for that but we wanted to try to level out our payment with a refi but don’t know when the right time is to consider it! Much love!
So, I just started building my credit around March of this year. I started as unscoreable because I've always paid cash for everything. I followed all of the advice and got an installment loan and a few credit cards. Somehow, I was approved for an unsecured AMEX card, Lowes and Capital One. I've been keeping my utilization below 5% by the statement date and paying it completely off by the due date. In September (6 months later), I finally got a score and it's 717. I've saved about $5,000 so far and I'm hoping to have $10,000 by December and a 760 score. Do you think I'll be able to by a house by then. I've had the same job for 18 years and I make around $52,000 a year.
What if someone is 70 years old. Is that a sign you should just forget trying to get a loan for a house? I mean a person could live to be 100 and get a 30 year mortage. But again, what are the chances a lender would even consider you for a loan? Also they are a veteran drawing compensation from the VA. Thanks.
I have done 30 year loans for 90 year old people. We don’t discriminate on age. So no prob on that. A veteran drawing comp from VA? This is no prob. I have a video on that. Call me 707-478-0637
